Visa Inc. (NYSE:V) Holdings Cut by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 0.2% in the fourth quarter, Holdings Channel reports. The firm owned 208,402 shares of the credit-card processor’s stock after selling 324 shares during the period. Visa accounts for about 0.9% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 10th largest position. Segall Bryant & Hamill LLC’s holdings in Visa were worth $65,863,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of V. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa during the 4th quarter valued at about $27,000. POM Investment Strategies LLC raised its holdings in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Modus Advisors LLC purchased a new position in Visa in the 4th quarter worth approximately $32,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Visa during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on V. Piper Sandler reiterated an “overweight” rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. UBS Group lifted their price target on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research report on Thursday, February 13th. The Goldman Sachs Group raised their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Oppenheimer reiterated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $353.96.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,991,249.33. This represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Up 2.5 %

Shares of V stock opened at $343.96 on Tuesday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company has a 50 day moving average price of $341.23 and a 200 day moving average price of $313.75. The stock has a market capitalization of $639.00 billion, a P/E ratio of 34.67, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.